NEOGROWTH CREDIT PVT. LTD.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
NeoGrowth Credit Private Limited (“NeoGrowth”) is a regulated non-deposit taking NBFC digital lender in India. NeoGrowth’s data science and technology-led approach enables it to offer quick and hassle-free loans to MSMEs across 70+ segments.
What is our funding objective?
FMO will invest in the Series D equity raise of NeoGrowth to support growth of the Company.
Why do we fund this investment?
NeoGrowth provides loans to consumer-facing, retail-oriented and underserved MSME, promoting financial inclusion for first time entrepreneurs and small businesses that would otherwise not have access to credit from traditional financial institutions due to the lack of a formal financial track record.
What is the Environmental and Social categorization rationale?
E&S risk is deemed limited (risk classification C), with the potential environmental and social impact from the Bank’s operations being minimal. NeoGrowth has an Environmental, Social and Human Capital Policy in place with an exclusion list and follows good consumer protection practices
More investments
| Date | Total FMO financing |
|---|---|
| 7/15/2022 | INR 800.00 MLN |
| 12/7/2020 | INR 740.00 MLN |
| 11/18/2022 | INR 600.00 MLN |
| 3/23/2022 | INR 650.00 MLN |
- Website customer/investment
- http://www.neogrowth.in
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 11/25/2022
- Total FMO financing
- INR 1599.96 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C